According to the latest report by IMARC Group, titled “Advanced Driver Assistance Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global advanced driver assistance systems (adas) market size reached US$ 23.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 42.7 Billion by 2027, exhibiting a growth rate (CAGR) of 11.1% during 2022-2027.
Advanced Driver Assistance Systems Market Overview:
The Advanced driver assistance system (ADAS) is an intelligent electronic system integrated with sensors, cameras, radars, and related software. It assists in establishing effective communication between vehicles, vehicle infrastructure systems, and transportation management centers. It also aids in providing vital information about traffic, road closures, and blockages, and congestion levels to drivers. As they offer comfort, safety, and improved vision, their demand is escalating around the world.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Advanced Driver Assistance Systems Market Trends:
Due to increasing traffic congestions and the growing instances of road accidents, there is a significant rise in the sales of vehicles with ADAS across the globe. Moreover, there is an increase in the demand for vehicles with improved safety and security features. This, along with the thriving automotive sector worldwide, is creating a favorable market outlook. Furthermore, socioeconomic factors like the rising global population and inflating income levels are also bolstering the growth of the market.
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Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape with key players:
- Autoliv Inc.
- Continental AG
- Denso Corporation
- Hyundai Mobis Co. Ltd (Hyundai Motor Group)
- Magna International Inc.
- Mobileye (Intel Corporation)
- Robert Bosch GmbH
- Texas Instruments Incorporated
- Valeo
- ZF Friedrichshafen AG
Key Market Segmentation Breakup by:
Solution Type:
- Adaptive Cruise Control
- Blind Spot Detection System
- Park Assistance
- Lane Departure Warning System
- Tire Pressure Monitoring System
- Autonomous Emergency Braking
- Adaptive Front Lights
- Others
Component Type:
- Processor
- Sensors
- Radar
- Ultrasonic
- LiDAR
- Others
- Software
- Others
Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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